Code Markdown Run All Ex Clear All Outputs Outline |_ Assignment Select Kernel Which one of the following portfolios you should invest all of your net worth in. You can assume you have average risk aversion and want the mean-variance efficient portfolio. You should explain your findings and the pros and cons of each portfolio. 1. All-equity portfolio 2. Traditional 60/40 portfolio, which became common in 1926 and consists of the following: 1.60% equity 2.40% intermediate Treasury bonds 3. Harry Browne's permanent portfolio, which he proposed in about 1980 and consists of the following: 1.25% equity 2. 25% long-term Treasury bonds 3. 25% Treasury bills (i.e., cash) 4. 25% gold 4. Ray Dalio's all seasons portfolio, which he proposed in about 2014 and consists of the following: 1. 30% equity 2. 40% long-term Treasury bonds 3. 15% intermediate Treasury bonds 4. 7.5% commodities 5. 7.5% gold 5. Another portfolio that you build from the asset class returns in histretSP.csv 11 A 36 (A) 0 Go Live D

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